Court strikes down $117.5m settlement.A Texas appeals court has struck down a $117.5 million settlement the state's attorney Noun 1. state's attorney - a prosecuting attorney for a state state attorney prosecuting attorney, prosecuting officer, prosecutor, public prosecutor - a government official who conducts criminal prosecutions on behalf of the state general and Department of Insurance reached with Farmers Insurance Group in late 2002, finding the agreement failed to meet statutory standards to be recognized as a class action. Overruling o·ver·rule tr.v. o·ver·ruled, o·ver·rul·ing, o·ver·rules 1. a. To disallow the action or arguments of, especially by virtue of higher authority: the district court's certification granted in May 2003, Texas' 3rd Court of Appeals decreed de·cree n. 1. An authoritative order having the force of law. 2. Law The judgment of a court of equity, admiralty, probate, or divorce. 3. Roman Catholic Church a. the attorney general and insurance department should have received input from representatives of policyholders who held outstanding complaints against the insurer before crafting the final settlement. The court also found the settlement language overly broad, warning that it may preclude pre·clude tr.v. pre·clud·ed, pre·clud·ing, pre·cludes 1. To make impossible, as by action taken in advance; prevent. See Synonyms at prevent. 2. Farmers policyholders from making recoveries even on complaints that were unrelated to the case. |
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